The document summarizes highlights from a front end innovation conference in Munich in February 2014. It discusses how leading innovators grow faster than average companies and expect continued faster growth. It promotes open innovation ecosystems and frugal/Jugaad innovation with limited resources. Design thinking, emerging markets, trends like UX, and enabling software crowdsourcing were discussed. The document advocates experimentation, failure recycling, and not underestimating the power of constraints to drive innovation. It suggests companies should manage innovation like a business process and look outside their organization for ideas.

1. Highlights
from Front End Innovation @Munich, Feb. 2014

7. Theory & practice

8. The top 20% of innovators grew
1.5x the rate of the average
global company over the last 3
years...
...and expect to grow at twice the rate over the next 5 years.

10. blinders & orthodoxies
harness trends
leverage resources
but the holy grail is understanding
customers needs
(in Four Lenses of Innovation)

11. !
Open Innovation Ecosystems are feasible, desirable and profitable.

12. Frugal Innovation (aka Jugaad
Innovation)
R&D spending no correlation

13. are you considering frugal?
Dacia became Renault’s Cashcow
MIT engineer training
62% population

15. never underestimate the unleashing powers
of constraints

16. organizational drift

17. ikeafication

18. horizontal Vs vertical growth
!
"without deviation from the
norm, progress is not
possible"

19. experimentation
failure recycling
patience and
perseverance

20. economics of attention
"information overload generates the best and
the worst of times” (quoting Charles Dickens)

23. 2.5M$

24. 5%

25. not every smart guy is on your
company

26. innovation attacks the immune system

27. what if Picasso followed Classic Art
Processes?

29. So, how should you innovate to grow?
In our Global Innovation Survey, we found that leading innovators are
• Managing innovation formally, like any other
business process

32. Trends

34. UX & Design Thinking

36. Emergent Markets

37. Top Insights

39. sunsetting industries
paper book publishing
cars driven by humans
wired communications 1.0
administration with printed paper
banks with physical branches
own IT centres
good old school and university

40. Ux & Design Thinking & ODI/JTBD
Open Innovation (ecosystems)
Gen Y
Full focused team on innovation development (CIO)

41. austerity and innovation
Import-export ideas to seed innovation
enabling software crowdsourcing
startups | Universities | R&D Institutes (Patents)
corporate venturing

45. •
we need success stories

46. serendipity

47. Chief Knowledge Officer
Designing and installing techniques and processes to create, protect, and use
known knowledge.
Designing and creating environments and activities to discover and release
knowledge that is not known.
Articulating the purpose and nature of managing knowledge as a resource
and embodying it in other initiatives and programs.

48. It's good to remember not only the role of adversity in solving problems
but also to remember that we can get the solution so often with scarce
resources.

52. Alexandre Mendes
call me: + 351 93 617 10 33
email me: carlosmendes.email@gmail.com
@senhoralfaiate /carlosalexandremendes /alexandresampaiomendes